OAO Rosneft Chief Executive Igor Sechin said Friday that the deal to acquire competitor TNK-BP was "irreversible" and that a committee was being formed to work on integrating the two companies. Speaking at an extraordinary shareholders meeting, Mr. Sechin offered little insight into how the new company--set to become the world's largest publicly-traded oil producer--will look like after the completion of the takeover, slated for the first half of next year
OAO Rosneft Chief Executive Igor Sechin said Friday that the deal to acquire competitor TNK-BP was "irreversible" and that a committee was being formed to work on integrating the two companies.

Speaking at an extraordinary shareholders meeting, Mr. Sechin offered little insight into how the new company--set to become the world's largest publicly-traded oil producer--will look like after the completion of the takeover, slated for the first half of next year.

State-controlled Rosneft in October said it had agreed to buy TNK-BP, Russia's No. 3 oil producer, from BP PLC (BP) and its partners, the AAR consortium of tycoons. The Russian government and Rosneft's board have already approved the acquisition of BP's 50% stake.

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